TimaTec: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TimaTec
Largest movements
- Cash +€13,783
up €13,783 (+38.1%), from €36,128 to €49,911
mainly Net result for the year (+€27,983) and Trade debts (+€6,562)
- Tangible fixed assets -€2,587
down €2,587 (-30.1%), from €8,596 to €6,009
of which Plant, machinery and equipment: -€1,429
- Reserves +€27,983
up €27,983 (+51.6%), from €54,262 to €82,245
- Other debts -€20,631
down €20,631 (-94.6%), from €21,802 to €1,171
- Trade debts +€6,562
up €6,562 (+3711.6%), from €177 to €6,739
- Tax, wage and social debts -€1,924
down €1,924 (-36.1%), from €5,338 to €3,413
- Gross operating margin +€6,948
up €6,948 (+22.3%), from €31,113 to €38,061
- Taxes +€1,681
up €1,681 (+30.0%), from €5,600 to €7,281
- Write-downs -€1,238
down €1,238, from €619 to -€619
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,928 | €113,918 | +€11,990 | +11.8% |
| Fixed assets | 21/28 | €8,596 | €6,009 | -€2,587 | -30.1% |
| Tangible fixed assets | 22/27 | €8,596 | €6,009 | -€2,587 | -30.1% |
| Plant, machinery and equipment | 23 | €1,434 | €5 | -€1,429 | -99.7% |
| Furniture and vehicles | 24 | €4,223 | €3,778 | -€445 | -10.5% |
| Other tangible fixed assets | 26 | €2,939 | €2,226 | -€712 | -24.2% |
| Current assets | 29/58 | €93,332 | €107,908 | +€14,577 | +15.6% |
| Stocks and contracts in progress | 3 | €14,332 | €15,099 | +€767 | +5.4% |
| Stocks | 30/36 | €14,332 | €15,099 | +€767 | +5.4% |
| Amounts receivable within one year | 40/41 | €40,990 | €40,475 | -€514 | -1.3% |
| Trade receivables | 40 | €40,543 | €37,357 | -€3,186 | -7.9% |
| Other amounts receivable | 41 | €447 | €3,119 | +€2,672 | +597.8% |
| Cash at bank and in hand | 54/58 | €36,128 | €49,911 | +€13,783 | +38.1% |
| Deferred charges and accrued income | 490/1 | €1,882 | €2,422 | +€540 | +28.7% |
| Total equity and liabilities | 10/49 | €101,928 | €113,918 | +€11,990 | +11.8% |
| Equity | 10/15 | €72,862 | €100,845 | +€27,983 | +38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,262 | €82,245 | +€27,983 | +51.6% |
| Distributable reserves | 133 | €54,262 | €82,245 | +€27,983 | +51.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,066 | €13,073 | -€15,993 | -55.0% |
| Amounts payable within one year | 42/48 | €27,316 | €11,323 | -€15,993 | -58.5% |
| Trade debts | 44 | €177 | €6,739 | +€6,562 | +3711.6% |
| Suppliers | 440/4 | €177 | €6,739 | +€6,562 | +3711.6% |
| Taxes, remuneration and social security | 45 | €5,338 | €3,413 | -€1,924 | -36.1% |
| Taxes | 450/3 | €5,338 | €3,413 | -€1,924 | -36.1% |
| Other amounts payable | 47/48 | €21,802 | €1,171 | -€20,631 | -94.6% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,851 | €2,587 | -€264 | -9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €619 | -€619 | -€1,238 | |
| Other operating charges | 640/8 | €596 | €601 | +€5 | +0.9% |
| Gross operating margin | 9900 | €31,113 | €38,061 | +€6,948 | +22.3% |
| Operating profit (loss) | 9901 | €27,048 | €35,493 | +€8,445 | +31.2% |
| Financial income | 75/76B | €105 | €0 | -€105 | -100.0% |
| Recurring financial income | 75 | €105 | €0 | -€105 | -100.0% |
| Financial charges | 65/66B | €110 | €229 | +€119 | +108.3% |
| Recurring financial charges | 65 | €110 | €229 | +€119 | +108.3% |
| Profit (loss) for the period before taxes | 9903 | €27,043 | €35,264 | +€8,221 | +30.4% |
| Income taxes | 67/77 | €5,600 | €7,281 | +€1,681 | +30.0% |
| Profit (loss) for the period | 9904 | €21,443 | €27,983 | +€6,540 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,443 | €27,983 | +€6,540 | +30.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.